Indus Towers’ trade receivables to stabilise depending on Vi’s payment clearance

Indus Towers’ top management expects the company’s trade receivables will take some more time to stabilise as it hinges on the speed at which key customer, Vodafone Idea (Vi) clears its backlog of past dues.

Indus’ trade receivables fell 11.3% sequentially to around Rs 5,722 crore in the fiscal first quarter amid improved collections from Vi.